Northland Securities Raises OneMain (NYSE:OMF) Price Target to $55.00

OneMain (NYSE:OMF) had its price objective lifted by Northland Securities from $53.00 to $55.00 in a research report released on Thursday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

A number of other brokerages have also recently weighed in on OMF. Barclays reduced their price objective on OneMain from $55.00 to $52.00 and set an overweight rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. boosted their price objective on OneMain from $52.00 to $54.00 and gave the company an overweight rating in a research note on Monday, July 8th. BTIG Research assumed coverage on OneMain in a research note on Friday, June 7th. They issued a neutral rating for the company. Wells Fargo & Company boosted their price objective on OneMain from $48.00 to $53.00 and gave the company an equal weight rating in a research note on Thursday, May 2nd. Finally, TD Cowen boosted their target price on OneMain from $58.00 to $60.00 and gave the company a buy rating in a report on Wednesday, May 1st. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $54.83.

OneMain Stock Down 0.5 %

OMF stock opened at $44.64 on Thursday. The business has a 50 day moving average price of $49.23 and a 200 day moving average price of $48.76. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 8.75, a PEG ratio of 0.74 and a beta of 1.58. OneMain has a fifty-two week low of $35.00 and a fifty-two week high of $54.94.

OneMain (NYSE:OMF) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.12. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $918.74 million. OneMain had a return on equity of 20.60% and a net margin of 12.33%. During the same quarter in the previous year, the business earned $1.01 earnings per share. As a group, sell-side analysts anticipate that OneMain will post 5.37 EPS for the current year.

OneMain Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 12th will be issued a $1.04 dividend. This represents a $4.16 annualized dividend and a yield of 9.32%. The ex-dividend date is Monday, August 12th. OneMain’s dividend payout ratio (DPR) is 81.09%.

Insider Buying and Selling at OneMain

In other OneMain news, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the sale, the senior vice president now owns 28,147 shares of the company’s stock, valued at $1,353,870.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Michael A. Hedlund sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $48.10, for a total value of $144,300.00. Following the sale, the senior vice president now directly owns 28,147 shares in the company, valued at $1,353,870.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas H. Shulman sold 19,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $51.37, for a total value of $976,030.00. Following the transaction, the chief executive officer now owns 451,300 shares in the company, valued at $23,183,281. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,500 shares of company stock valued at $1,500,055. Insiders own 0.45% of the company’s stock.

Hedge Funds Weigh In On OneMain

Several large investors have recently added to or reduced their stakes in OMF. EdgeRock Capital LLC purchased a new position in shares of OneMain in the 2nd quarter worth about $31,000. International Assets Investment Management LLC purchased a new position in shares of OneMain in the 2nd quarter worth about $34,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of OneMain in the 4th quarter worth about $36,000. Blue Trust Inc. grew its stake in shares of OneMain by 49.9% in the fourth quarter. Blue Trust Inc. now owns 730 shares of the financial services provider’s stock valued at $36,000 after buying an additional 243 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. acquired a new stake in shares of OneMain in the fourth quarter valued at about $47,000. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

OneMain Company Profile

OneMain Holdings, Inc, a financial service holding company, engages in the consumer finance and insurance businesses in the United States. It originates, underwrites, and services personal loans secured by automobiles, other titled collateral, or unsecured. The company also offers credit cards; optional credit insurance products, including life, disability, and involuntary unemployment insurance; optional non-credit insurance; guaranteed asset protection coverage as a waiver product or insurance; and membership plans.